CenturyTel Inc., Monroe, La., added the American Funds AMCAP, Fidelity Diversified International and PIMCO NFJ Small-Cap Value and Low-Duration III funds as investment options for its eight 401(k) plans, which have a combined $250 million in assets, said Connie Walker, analyst-retirement and 401(k). The plans, which mirror each other, will drop the Janus Fund and Janus Overseas fund because of performance, effective June 1, Ms. Walker said. The plans now offer 17 investment options, up from 15. T. Rowe Price is the bundled provider. No consultant was used.
"The Janus Fund and Overseas fund have seen marked improvements in their performance, and we are very encouraged by that," said Shelley Peterson, Janus spokeswoman.